Talent, wages weigh heavily in Research Panel survey

Talent and wages are weighing heavily on businesspeople's minds, at least according to a survey of Crain's readers who raised their hands to weigh in on important business issues.

Respondents from Crain's Research Panel cited a lack of quality candidates, especially for high level roles, as their biggest challenge in recruiting and retaining talent; 30 percent of the 149 respondents identified that issue.

Their second-biggest concern about talent is related to the more competitive job market caused by low unemployment rates. Twenty-eight percent identified that as their biggest challenge.

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And that's playing out in wages. A substantial majority of respondents, 62 percent, expect they will be raising wages in 2019, and an additional 20 percent said they were uncertain. Only 18 percent said they would not be increasing wages.

Crain's Research Panel is composed of hundred of people who are actively working in business in metro Detroit. For more information or to join, go to crain.com/research-panel.